Private trust

BEENA SINGH (Querist) 02 December 2013 This query is : Resolved
What is the procedure to wind up private trust ?

Please guide me.

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ajay sethi (Expert) 02 December 2013
academic query

BEENA SINGH (Querist) 02 December 2013
thank you sir...

Still looking for your reply

Rajendra K Goyal (Expert) 02 December 2013
Refer the provisions of trust deed.

BEENA SINGH (Querist) 03 December 2013
what if the dissolution clause is not mentioned in the Trust deed

Rajendra K Goyal (Expert) 03 December 2013
Section 77 of Indian Trust Act 1882:
77. Trust how extinguished.-A trust is extinguished--
(a) when its purpose is completely fulfilled; or
(b) when its purpose becomes unlawful; or
(c) when the fulfilment of its purpose becomes impossible by destruction of the trust-property or otherwise; or
(d) when the trust, being revocable, is expressly revoked.

The Trust can be dissolved as provided in Section 77 of the Indian Trusts Act, 1860.A deed of dissolution of Trust should be executed and registered.

BEENA SINGH (Querist) 03 December 2013
Thank you sir for your feedback. but for that do we have to give application to charity commissioner.
or it can be done by registration of dissolution of Trust Deed

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